- Dogecoin, Solana, and Cardano faced steeper declines than Bitcoin during a routine market correction driven by profit-taking and macroeconomic pressures.
- Experts view the pullback as typical volatility rather than a sign of fundamental weakness, with Bitcoin’s stability offering hope for a potential altcoin rebound.
Altcoins Take a Tumble While Bitcoin Holds Steady
On Thursday, the crypto market experienced a classic shakeout, with major altcoins like Dogecoin (DOGE), Solana (SOL), and Cardano (ADA) posting sharper losses than Bitcoin. Despite a positive start fueled by encouraging U.S. inflation data, traders quickly shifted gears, locking in profits from altcoins and retreating to the relative safety of Bitcoin.
Dogecoin saw the steepest decline, dropping 5.8% to $0.19, while Solana slipped 3.9%, and Cardano retreated 5.1%. In contrast, Bitcoin showed resilience, dipping just 2%, further emphasizing its position as a market anchor in uncertain times.
Market Experts Call It ‘Noise,’ Not a Red Flag
Analysts agree that these pullbacks are part of the game. Dr. Kirill Kretov of CoinPanel called the 5–10% swings “typical market noise,” a natural part of altcoin behavior rather than signs of deeper trouble. Tracy Jin, COO at MEXC, echoed this view, attributing the dip to profit-taking and macroeconomic pressure—namely, a stronger U.S. dollar and higher bond yields that are cooling investor risk appetite.
This suggests the correction is more of a routine breather than a warning siren for long-term holders.
Dogecoin Feels Extra Pressure Amid Elon Musk Fallout
While most altcoins are facing standard market turbulence, Dogecoin decline may also be tied to ongoing controversies involving its most famous supporter, Elon Musk. Paul Howard of Wincent believes DOGE may be entering a medium-term decline phase, driven by more than just daily volatility. The coin’s ties to public figures can amplify sentiment swings—both good and bad.
Bitcoin’s Strength May Signal a Rebound Ahead
Bitcoin’s relative stability is offering a much-needed anchor for the market. If it holds above key levels—especially the $100,000 mark as Tracy Jin suggests—institutional inflows could revive altcoin momentum. This correction might be a setup for the next growth cycle, especially if macro conditions stabilize.
Don’t panic—volatility is the norm, not the exception, in the crypto world. While DOGE, SOL, and ADA took heavier hits, analysts remain confident this is a short-term correction. Stay focused on the long game and keep an eye on Bitcoin—it may light the path forward for altcoins.
